Business

Deal for automation of tax collection

Earlier taxes were collected manually through NBP’s branches, which had its own challenges and complications

Press Release June 06, 2018

The agreement was signed by NBP’s Executive Vice President Payment Services and Digital Banking Group Muhammad Farooq and Excise Taxation and Anti-Narcotics Balochistan Director General Fateh Muhammad Khajak. PHOTO: EXPRESS/NBP

QUETTA: National Bank of Pakistan (NBP) has signed an agreement with Balochistan’s Excise, Taxation and Anti-Narcotics Department for automation of the tax collection system across the province. The agreement was signed by NBP’s Executive Vice President Payment Services and Digital Banking Group Muhammad Farooq and Excise Taxation and Anti-Narcotics Balochistan Director General Fateh Muhammad Khajak. NBP President Saeed Ahmad and Balochistan Secretary Excise and Taxation Zafar Ali Shah Bukhari were also present.

Speaking on the occasion, Bukhari said earlier taxes were collected manually through NBP’s branches, which had its own challenges and complications. Reconciliation of collected money was one of the biggest problems while at times transparency and timeliness were compromised in the manual system, he said and added that implementation of the new automated system would make the process much easier for customers and will provide real-time validation as well.

Published in The Express Tribune, June 6^th, 2018.

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